Swift 3.0 : Convert server UTC time to local time and vice-versa

I want to convert server UTC time to local time and vice-versa. Here is my code..

var isTimeFromServer = true
var time:String!
var period:String!
let timeString = "6:59 AM" //Current UTC time

if isTimeFromServer {

    let index = timeString.index(timeString.startIndex, offsetBy: 5)
    let twelve = timeString.substring(to: index)

    var dateString:String!

    let dateFormatter = DateFormatter()
    dateFormatter.dateFormat = "H:mm"
    let date12 = dateFormatter.date(from: twelve)!

    dateFormatter.dateFormat = "h:mm a"
    let date22 = dateFormatter.string(from: date12)

    //print(date22)
    dateString = date22
    //print("dateString=\(dateString)")

    time = dateString.components(separatedBy: " ")[0]
    period = dateString.components(separatedBy: " ")[1]

}
else {
    time = timeString.components(separatedBy: " ")[0]
    period = timeString.components(separatedBy: " ")[1]
}

var hour = Int(time.components(separatedBy: ":")[0])

hour = period == "AM" ? hour : hour! + 12
let minute = Int(time.components(separatedBy: ":")[1])
let calender = NSCalendar.current
var datecomponent = DateComponents()
datecomponent.calendar = calender
datecomponent.hour = hour
datecomponent.minute = minute

if !isTimeFromServer {
    // local to UTC
    datecomponent.timeZone = TimeZone.current
}
else {
    datecomponent.timeZone = TimeZone(abbreviation: "UTC")
}

let date = datecomponent.date
let dateFormatter = DateFormatter()

if !isTimeFromServer {
    dateFormatter.dateFormat = "H:mm"
    dateFormatter.timeZone = TimeZone(abbreviation: "UTC")
    dateFormatter.string(from: date!)
}
else {
    //UTC to local
    dateFormatter.dateFormat = "h:mm a"
    dateFormatter.timeZone = TimeZone.current
    dateFormatter.string(from: date!)
}

I get the local time

o/p: "12:52 PM"

But actual local time and output time difference is 23 minutes.

I don't know what's wrong with your code.
But looks too much unnecessary things are there like you're setting calendar, fetching some elements from string. Here is my small version of UTCToLocal and localToUTC function.
But for that you need to pass string in specific format. Cause I've forcly unwrapped date objects. But you can use some guard conditions to prevent crashing your app.

func localToUTC(dateStr: String) -> String? {
    let dateFormatter = DateFormatter()
    dateFormatter.dateFormat = "h:mm a"
    dateFormatter.calendar = Calendar.current
    dateFormatter.timeZone = TimeZone.current
    
    if let date = dateFormatter.date(from: dateStr) {
        dateFormatter.timeZone = TimeZone(abbreviation: "UTC")
        dateFormatter.dateFormat = "H:mm:ss"
    
        return dateFormatter.string(from: date)
    }
    return nil
}

func utcToLocal(dateStr: String) -> String? {
    let dateFormatter = DateFormatter()
    dateFormatter.dateFormat = "H:mm:ss"
    dateFormatter.timeZone = TimeZone(abbreviation: "UTC")
    
    if let date = dateFormatter.date(from: dateStr) {
        dateFormatter.timeZone = TimeZone.current
        dateFormatter.dateFormat = "h:mm a"
    
        return dateFormatter.string(from: date)
    }
    return nil
}

and call these function like below.

print(utcToLocal(dateStr: "13:07:00"))
print(localToUTC(dateStr: "06:40 PM"))